Horizon Kinetics Asset Management LLC Sells 2,394 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,086 shares of the company’s stock after selling 2,394 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.06% of Liberty Broadband worth $6,511,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LBRDK. The Manufacturers Life Insurance Company raised its position in Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after purchasing an additional 125 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. CIBC Asset Management Inc raised its position in Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after purchasing an additional 199 shares in the last quarter. Handelsbanken Fonder AB raised its position in Liberty Broadband by 0.6% during the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after purchasing an additional 200 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in Liberty Broadband by 5.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Up 2.9 %

LBRDK opened at $81.38 on Monday. The company has a market cap of $11.66 billion, a P/E ratio of 14.99 and a beta of 1.06. The business’s 50-day moving average price is $79.45 and its 200-day moving average price is $78.73. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Liberty Broadband in a report on Thursday. They issued a “sell” rating on the stock.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by company insiders.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.